Columns

How Well Can We Use the New Monies We Are Borrowing?, By Uddin Ifeanyi

- Nigerian finance minister, Kemi Adeosun I do fear, though, that without the changes to the economy’s structure that address these constraints, these new debts simply create a new “peonage” (that was the old one-word description of the then Third World’s debt burden.) That Nigeria’s first foray into the international…
See More »
Opinion

The Central Bank Governor’s Failing Score Card, By Femi Akinfolarin

...the CBN governor’s score card is one of failed monetary policy, racing inflation, massive fall in the value of the naira (which could have been staunched by now), collapse of the manufacturing sector and weakening of banks. His principal needs to understand and appreciate that this legacy is shared by…
See More »
[sc:"post loop ad"]
Guest Columns

Madam Minister, Please Don’t Borrow $30 Billion For Our Unborn Children!, By ‘Tope Fasua

Nigeria has never borrowed more than $3 billion at once and we constantly get into trouble. How can we manage 10 times that? What has got into us now? Why is she seeking this jumbo loan with so much confidence? What has happened to the civil society and other right-thinking…
See More »
Opinion

Eleven Actions Required For Speedy Economic Turnaround, By Atedo Peterside

Our economy is underperforming because, amongst other things, it is caught up in a low foreign exchange trap. Borrowing forex without instituting necessary and badly needed economic and structural reforms is akin to suicide. Those who are canvassing for more foreign debt simply because our debt/GDP ratio is low are…
See More »
Columns

Weak Tailwinds and a Sick Economy, By Uddin Ifeanyi

...none of the developments last week supported a sense of an impending correction of the poor policy prescriptions this year. If anything, the federal government’s sense of what must be done to address the naira’s exchange rate crisis only further exacerbates the fear over poor policies. News out of and…
See More »
Columns

Nigeria, Between the Venal and the Effete, By Uddin Ifeanyi

From this, though, flows a bigger worry: that we may well lose the fight against corruption through feckless management of the processes required to secure conviction and make restitution. Still, this will be small beer compared to the toll that an effete public administration will exert on our limited national…
See More »
Guest Columns

Nigeria’s Economic Recession Is Real But Would Not Last, By Muhammadu Buhari

Temporary problems should not blind or divert us from the corrective course this government has charted for our nation. We have identified the country’s salient problems and we are working hard at lasting solutions. Today, 1st of October is a day of celebration for us Nigerians. On this day, 56…
See More »